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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (50125)2/7/2001 6:39:49 PM
From: Skeet Shipman  Read Replies (2) of 94695
 
Bill,
The DOW appears to be continuing its sideways pattern. The Nasdaq almost reached my major bottom reversal point of approximately 2528. I'll have to recompute the reversal to get a range. Today could have been the low but it is unlikely. The high on the VIX was only 25.04. Yes, there was capitulation in the high PE techs. Yet, there were buyers into the close. Someday no one will want to touch them going into the close that will be the bottom.
Skeet
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